PPG (PPG) CFO exercises options, sells 5,200 shares in 10b5-1 plan

Rhea-AI Filing Summary

PPG Industries Senior VP & CFO Vincent J. Morales reported option exercises and a share sale. On January 15, 2026, he exercised 5,200 employee stock options at $95 per share into common stock, then sold 5,200 shares of common stock at $110 per share on the same date.

The filing shows that after these transactions, Morales directly held 28,439 shares of PPG common stock. In addition, 8,865.41 shares were held for him indirectly through the PPG Industries Employee Savings (401(k)) Plan as of January 15, 2026. The transactions were executed under a Rule 10b5-1 trading plan adopted on May 2, 2025, indicating they were pre-arranged rather than discretionary trades.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Morales Vincent J

(Last) (First) (Middle)

PPG INDUSTRIES, INC.

ONE PPG PLACE

(Street)

PITTSBURGH PA 15272

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/15/2026		M		5,200(1)	A	$95	33,639	D
Common Stock	01/15/2026		S		5,200	D	$110	28,439	D
Common Stock								8,865.41(2)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	$95	01/15/2026		M			5,200	02/17/2019	02/16/2026	Common Stock	5,200	$0	0	D

Explanation of Responses:

1. This transaction was executed pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 2, 2025.

2. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of January 15, 2026.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is the insider in this PPG (PPG) Form 4 filing and what is their role?

The insider is Vincent J. Morales, who serves as Senior Vice President & Chief Financial Officer of PPG Industries, Inc..

What transactions did PPG CFO Vincent J. Morales report on January 15, 2026?

On January 15, 2026, Morales exercised 5,200 employee stock options at $95 per share into common stock and then sold 5,200 shares of PPG common stock at $110 per share.

How many PPG shares does the CFO hold after the reported transactions?

After the reported transactions, Morales directly held 28,439 shares of PPG common stock and had an additional 8,865.41 shares held for him indirectly in the PPG Industries Employee Savings (401(k)) Plan as of January 15, 2026.

Were the PPG insider transactions made under a Rule 10b5-1 trading plan?

Yes. The filing states that the transactions were executed pursuant to a Rule 10b5-1 Plan adopted by Morales on May 2, 2025, indicating they were pre-arranged under that plan.

What happened to the PPG employee stock options reported in this Form 4?

Morales exercised 5,200 employee stock options with an exercise price of $95 per share, converting them into 5,200 shares of PPG common stock. Following this exercise, the number of these options beneficially owned was reduced to 0.

How are Morales’s indirect PPG holdings structured in this filing?

The filing reports 8,865.41 shares held indirectly for Morales in his account in the PPG Industries Employee Savings (401(k)) Plan as of January 15, 2026.